Guideline Value

Corporate

Guideline Value for New Star City

₹820/sq.ft.

The guideline value for New Star City in Vilangadupakkam village (Redhills SRO, Chennai zone) is Rs 820 per sq.ft, effective 1 July 2024. It was Rs 747 per sq.ft from 1 April 2023, a 10% change. The land classification is Mixed Type - Ii. Source: TNReginet guideline value register.

Last updated:

Chennai

Zone

Vilangadupakkam

Village

Redhills

SRO

Mixed Type - II
History
Period Guideline Value
From 1-7-2024 ₹820 /sq.ft.
From 1-4-2023 ₹747 /sq.ft.
From 9-6-2017 To 31-3-2023 ₹500 /sq.ft.
From 1-4-2012 To 8-6-2017 ₹400 /sq.ft.
From 1-8-2007 To 31-3-2012 N/A
From 1-4-2003 To 31-7-2007 N/A
From 1-4-2002 To 31-3-2003 N/A
Guideline Value Timeline
Guideline Value Comparison

SRO (Sub Registrar Office)

Sub Registrar Office, Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.
044-29570109
[email protected]

DRO (District Registrar Office)

District Registrar Office Jvc Complex Near Icmr Vedingallur Thiruvallur -631203
044-27661230
[email protected], [email protected]

DIG (Deputy Inspector General)

Integrated Building For Offices Of The Commercial Taxes And Registration, Department Fanepet, Nandanam, Chennai - 600 035.
044-29510527
[email protected]
Records for a plot on New Star City

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New Star City guideline value

The current guideline value of New Star City, located in Vilangadupakkam village, is Rs 820 per sq.ft, effective from 1 July 2024. This area falls under the Redhills SRO and is classified as Mixed Type - II land.

How the guideline value of New Star City has changed

The guideline value for New Star City has seen several revisions over the years. In 2012, the value was set at Rs 400 per sq.ft, which increased to Rs 500 per sq.ft in 2017, marking a 25% rise. The subsequent revision in 2023 brought the value to Rs 747 per sq.ft, reflecting a significant increase of 49%. The most recent revision in 2024 has set the guideline value at Rs 820 per sq.ft, which is a 10% increase from the previous year.

Overall, from 2012 to 2024, the guideline value has increased by 105%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Vilangadupakkam

In Vilangadupakkam, there are 160 streets under the Redhills SRO that carry a 2024 guideline value ranging from Rs 365 to Rs 1,792 per sq.ft, with a median value of Rs 440 per sq.ft. The guideline value of New Star City is above this median.

Stamp duty and registration fee for property in New Star City

For a 1,000 sq.ft plot at the current rate of Rs 820 per sq.ft, the guideline value amounts to Rs 8,20,000. The stamp duty at 7% would be Rs 57,400, and the registration fee at 2% would be Rs 16,400, bringing the total to Rs 73,800. Duty is charged on the guideline value or the sale price, whichever is higher. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers New Star City?

The Sub Registrar Office that covers New Star City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Vilangadupakkam

The guideline value plays a crucial role in the registration process of property transactions in Vilangadupakkam. It is used to determine the stamp duty and registration fees applicable when a property is bought or sold.

When registering a property, the higher value between the guideline value and the sale price is taken into account for calculating the applicable duties. This ensures that the registration reflects the true value of the property being transacted.

Frequently asked questions

What is the current guideline value of New Star City?

The current guideline value of New Star City is Rs 820 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has increased from Rs 400 per sq.ft in 2012 to Rs 820 per sq.ft in 2024, representing an overall increase of 105% across the revisions.

What is the land classification for New Star City?

New Star City is classified as Mixed Type - II land, which is relevant for determining its usage and potential development.

Where can I find the registration office for New Star City?

The registration office for New Star City is the Redhills Sub Registrar Office, located at Sothupakkam Road, Eswaran Koil Back Side, Theerthangiriyambattu, Redhills, Chennai - 600 052.

How is the stamp duty calculated for properties in New Star City?

Stamp duty is calculated based on the higher of the guideline value or the sale price of the property. For example, a property valued at Rs 8,20,000 would incur a stamp duty of Rs 57,400 at a rate of 7%.